Deputy Minister of Finance Anil Jayantha stated that there is a high probability of Sri Lanka entering into an agreement with the International Monetary Fund (IMF) once again. He revealed this while participating in the Derana 360 programme broadcast last night (12).
Key Points
- High probability of entering into another agreement with the International Monetary Fund revealed.
- Deputy Minister made these remarks participating in the Derana 360 programme last night (12).
- A report will be submitted to the Cabinet of Ministers to take a decision following a study of the relevant matters.
Appointed committee and future plans
Questions were also raised regarding the committee appointed to look into the necessity of entering into an agreement with the International Monetary Fund and the status of reserves. Responding to this, the Deputy Minister mentioned that the committee was appointed at the last Cabinet meeting, and that the committee is yet to meet with that group.
He stated that there is a different responsibility now compared to the responsibility that existed when successfully concluding the 17th programme. He added that considering the country's needs at a time when stability has been attained and the nation is preparing to leap forward, a study on the most suitable course of action will be conducted and a report submitted to the Cabinet. Following this, the Cabinet will make a decision on the matter.
What next?
After the appointed committee convenes and studies the matter, it is scheduled to submit a report to the Cabinet outlining the most appropriate steps to take, and the final decision will be made by the Cabinet.
